Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,480 per ton, leveling off at the previous year. In general, the import price saw a measured increase. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($1,480 per ton) and Thailand ($1,480 per ton), while the price for Malaysia ($1,480 per ton) and China ($1,480 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam (FOB) - 2022
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $1,454 per ton in 2022, approximately mirroring the previous year. Overall, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lao People's Democratic Republic ($1,460 per ton) and India ($1,460 per ton), while the average price for exports to Malaysia ($1,460 per ton) and China ($1,460 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam
For the third year in a row, Vietnam recorded decline in purchases abroad of iron or non-alloy steel wire, not plated or coateds, which decreased by 0% to 64K tons in 2022. In general, imports faced a abrupt setback. The smallest decline of -18.8% was in 2020.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds amounted to $94M in 2022. Over the period under review, imports showed a measured expansion. The smallest decline of -17.9% was in 2020. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.4 | 39.0 | N/A | 63.6 | 15.4% |
| Taiwan (Chinese) | 11.9 | 11.6 | N/A | 12.4 | 1.4% |
| South Korea | 13.1 | 8.5 | N/A | 8.2 | -14.5% |
| Germany | 3.8 | 3.2 | N/A | 4.4 | 5.0% |
| Thailand | 3.2 | 2.8 | N/A | 2.5 | -7.9% |
| Japan | 6.8 | 2.4 | N/A | 1.8 | -35.8% |
| Others | 2.8 | 0.6 | N/A | 1.3 | -22.6% |
| Total | 82.9 | 68.0 | N/A | 94.1 | 4.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Vietnam in 2022:
- China (43.0K tons)
- Taiwan (Chinese) (8.4K tons)
- South Korea (5.5K tons)
- Germany (3.0K tons)
- Thailand (1.7K tons)
- Japan (1.2K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam
In 2022, overseas shipments of iron or non-alloy steel wire, not plated or coateds decreased by 0% to 37K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. As a result, the exports reached the peak of 48K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds amounted to $54M in 2022. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 9.8 | 20.3 | N/A | 20.3 | 27.5% |
| Cambodia | 15.4 | 12.4 | N/A | 17.0 | 3.3% |
| Thailand | 3.1 | 2.5 | N/A | 3.4 | 3.1% |
| India | 2.0 | 1.4 | N/A | 3.2 | 17.0% |
| Japan | 0.8 | 0.5 | N/A | 2.9 | 53.6% |
| United States | 0.5 | 1.8 | N/A | 2.4 | 68.7% |
| Lao People's Democratic Republic | 1.2 | 1.1 | N/A | 1.1 | -2.9% |
| China | 2.3 | 1.9 | N/A | 0.8 | -29.7% |
| Others | 2.9 | 1.9 | N/A | 2.5 | -4.8% |
| Total | 38.0 | 43.9 | N/A | 53.7 | 12.2% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Vietnam in 2022:
- Taiwan (Chinese) (13.9K tons)
- Cambodia (11.6K tons)
- Thailand (2.3K tons)
- India (2.2K tons)
- Japan (2.0K tons)
- United States (1.7K tons)
- Lao People's Democratic Republic (0.8K tons)
- China (0.6K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Vietnam.
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This report provides an in-depth analysis of the market for iron and steel wire in Vietnam.
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This report provides an in-depth analysis of the market for iron and steel wire in Vietnam.
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This report provides an in-depth analysis of the market for iron and steel wire in Vietnam.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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